EMI Australia's chairman Mark Poston is out as Universal presses-on with its integration of EMI.
According to a note circulated today by Universal Music, Poston has "decided to step down" from his current position as chairman and senior VP marketing, Australasia at EMI Music Australia.
Poston, the youngest head of the major music companies here in Australia, is a long-time EMI exec whose CV includes a stint with the music giant's British company.
Following his departure, EMI now reports to Universal Music Australasia president George Ash, a situation that will continue until a new head of EMI is announced, according to UMA.
The situation seems similar to what happened in Japan earlier this week when Universal Music Japan announced that its President and CEO Kazuhiko Koike would also assume the role of president/CEO of EMI Music Japan replacing longtime CEO Hitoshi Namekata.
Sydney-based Poston joined EMI Music Australia in 2000 as label manager, Virgin Records before rising to head of Capitol Records in Australia. In 2005, he relocated to London as director, global marketing and director of EMI U.K. frontline label Angel Music Group/Charisma. He returned in 2008 to lead EMI Music Australia.
Poston is widely respected within his company and across the business here as an exec with a solid business sense, a passion for music and art, and a talent for international marketing. Under his leadership, EMI's Australian company has enjoyed successes with a string of homegrown signings, including Empire of The Sun, Angus and Julia Stone, Birds of Tokyo and 360, while the affiliate's "She Can DJ" competition became a global project.
Poston has said he wanted to take some deserved "time out".